Show menu
Skip ad

Luxury market - Trends of the moment - LUXE.TV

Thanks! Share it with your friends!

You disliked this video. Thanks for the feedback!

Added by andem
4 Views
Luxury market - Trends of the moment - LUXE.TV


What's the future for the Giants of luxury and house 2017 shaping up ? It's the question that fans of exceptional goods are now asking. After challenging 2016, which saw sales decline in the number of major groups, two distinct trends emerged. On the one hand some groups ended the year on a positive basis such as LVMH Kering and Hermes. While on the other hand swatch group and Richmond endured a much tougher year. Although hope did return to the lazer. Richmond, owner of the jeweler Cartier and the watchmaker IWC, posted results that exceeded expectations. A five percent increase not including the exchange rate effect, for its turnover, in the third quarter of its fiscal year. Which enabled it to shine on the stock market in early January 2017. The results suggest a recovery of high-end watch making, which was experiencing a slowdown in its two flagship markets: Hong Kong and the United States. Diversification enabled the groups to resist the watch making crisis that hit the Swiss factories. All the brands that adopted for soft luxury such as leather goods, more accessibility, cosmetics or spirits have been more resilient to the downturn.
While group brands such as Richmond, which are oriented towards hard luxury mainly watchmaking and jewellery had more difficulty. Target in 2017 a repositioning for brands such as Cartier, which had seen a too rapid rise in prices. As indeed was the case for the
entire watch industry. With the return of increasing sales in the asia-pacific region, led by China and also in Europe, growth is on the rise. And some analysts are already suggesting the 2017 will be a very good year, after these long months of slowdown.

LVMH : https://www.lvmh.com/
Kering : https://www.kering.com/en/
Hermes : https://www.hermes.com/uk/en/
Cartier : https://www.cartier.com/
IWC Schaffhausen : https://www.iwc.com/fr/fr/home.html

Discover our playlist "Luxury Watches" : https://www.youtube.com/playlist?list=PL4bA4s3ucZTmlb76BcP7ApfcSG7ywB2XX

And many other categories, all about luxury universe and lifestyle...

If you enjoyed this video, do not hesitate to like it and to suscribe to the LUXE.TV channel !

Website: https://luxe.tv/en/
Facebook: https://www.facebook.com/LUXE.TVOFFICIEL
Instagram: https://www.instagram.com/luxe.tv_off...
Category
Motivation

Post your comment

Comments

Be the first to comment